just some thoughts, please dont misunderstand, i truly believe that kry has a valuable/marketable asset...but it's time to market it...

question: does anyone know the time limit we have to file for arbitration? 3yrs, 7yrs?

bottom line: imo kry's best option now (if possible) would be to do nothing with arbitration or any change of contract...kry could be dead for awhile but the future should be brighter. i think fung should actively market a sale or partnership of kry de venezuela to a major who can afford to sit on it..

at this point i'm 99% convinced that kry will not recieve a permit under hugo... but, his nationalizations are slowing dramatically (the ven people are sick of nationalization), i think thats why we're seeing more articles with a "kry paralyzed LC to play the stock market, blahblah" type spins...

also, i dont believe hugo has the $$$ or will to pay kry (or anyone else) anything. he needs every dime now to keep his people from revolting. why blow it on paying off a legal case that wont hit him for years...oil might go up by then...

so what can kry do? they need money and time...

private placement/more bonds is possible (but not too likely imo)...

they can market the entire company (or a portion) to a large miner (i.e. GG)...everything points to hugo being tossed out soon, and most likely (after a failed socialist revolution) the venz will put a "moderate" or "capitalist friendly" leader in office and a major would once again have access to LC.

quick facts- GG's "proven and probable" is around 46mil oz., with a total buyout they could raise that to well over 60mil oz....GG's market cap is around $27bil

i would think GG would be willing to pay our bills for awhile in exchange for say a 50% real partnership....